NewStats: 3,265,405 , 8,186,625 topics. Date: Saturday, 14 June 2025 at 07:16 PM 504v2g

Speaking at The Platform, a special Democracy Day edition organised by The Covenant Nation in the Iganmu area of Lagos State on Thursday, the former Central Bank governor lauded the istration’s bold economic decisions, which he said have stabilised a dangerously deteriorating economy.

“I’d disappoint many who would expect me to comment harshly on the economy or offer yet another blueprint for economic reforms.

“I’m not shy to say this: the audacious structural reforms embarked upon by the current istration of President Bola Tinubu have rescued the economy from the tipping point,” Soludo stated.

Since assuming office in May 2023, President Tinubu has implemented significant economic changes, including the removal of petrol subsidies and the unification of multiple foreign exchange windows.

While these policies have drawn criticism for driving up energy costs, transportation fares, and food prices, proponents argue they were long overdue and necessary for long-term growth.

The Anambra Governor, known for his forthright views on national economic matters, highlighted the global recognition Nigeria has received following the reforms.

“The endorsement by the World Bank, the IMF, the London Financial Times, and more in Nigeria is well deserved,” he stated.

Drawing from his own experience, Soludo disclosed that he had previously rejected World Bank loans due to unfavourable , but acknowledged that the global institutions were correct in their assessment of Nigeria’s current reform path.

“On the matter of the trajectory of the current economic reforms, the World Bank and others, in my view, are largely right,” he said. “When these institutions criticise the government, some people use them as validation of their own criticism. But when the same institutions give a positive report, they are derided as ‘neoliberal, out-of-touch’ institutions. We can’t have it both ways.”

‘Economy Was Standing Still’
Soludo specifically cited the controversial removal of subsidies and unification of the foreign exchange rate as necessary steps that allowed the economy to “breathe again.”

“If we didn’t do the kind of subsidy removal and deal with the exchange rate issues, we would have reached a point where the economy was just standing still. We couldn’t move any further. We needed fundamental rejigging for it to begin to breathe again — and thank God, at least, we are here,” he said.

While acknowledging that the journey is far from over, Soludo urged the Tinubu istration to stay the course.

“There is still a lot more to do, but I urge the President and his team to steer the course. Many analysts have interesting opinions and quotes, but I urge them to go deeper, with rigorous, factual analysis, and to provide credible alternatives,” he added.

Quoting a friend, Soludo noted, “The past is always easy, especially if you are not the one doing it.”

Thursday’s event, The Platform, drew several high-profile attendees, including former INEC Chairman Attahiru Jega, former Minister of Works and Housing Babatunde Fashola, governors, and other national figures.

It was organised as part of activities marking Nigeria’s Democracy Day on June 12.

https://www.channelstv.com/2025/06/12/tinubus-audacious-reforms-rescued-nigerias-economy-from-tipping-point-soludo/

Goveenor of Abia state, Alex Otti, made a similar comment earlier this week.

Nobody wants trouble with General Tinubu

That's undisputable.. The reforms and policies are shaping things.

We come online daily to read about good news, good initiatives, good development

Thursday’s event, The Platform, drew several high-profile attendees, including former INEC Chairman Attahiru Jega, former Minister of Works and Housing Babatunde Fashola, governors, and other national figures.

Soludo, lick that stuff well well, it taste very delicious...the fear of being rigged out of the Anambra election by Baba Sope party is the beginning of wisdom

If this is what is called audacious then such audacity is questionable.

Glad that even opposition figures are acknowledging the necessary steps taken by the president to make Nigeria great again. Only ignorant onlookers criticise without understanding

soludo dey fall my hand Sha. Rooting for him but seems he's become a crack head these days

Seems to talk too much than he does anything

It's indeed saddening that politicians are happy with Tinubu's reforms while the populace for whom the reforms are made for are gnashing their teeths.

Democracy in Africa is indeed an irony.

I like that Seun is taking time to improve Nairaland. Nobody can use smileys to occupy space on Nairaland anymore. Everyone must write a comment of up to 40 characters 😁😁😁

Soludo is a foolish asslicking governor.

Nigeria is having trade surplus and Positive GDP growth

When intellectual becomes the mouthpiece of a clueless government...

Just selfish hypocrites everywhere 🤔🤔

Anything just to secure his governorship re-election

This is a disturbing development in a our polity where people court the President just to get elected or re-elected .. instead of courting the people who are supposed to be the true custodian of power in a Democracy..

As autocratic as Buhari was thought would be, he gave freedom of the Democratic space to a large extent, but the so-called fighters for Democracy want to Capture the entire State. Off season election during Buhari’s time were done with every participants giving a fair chance, but today, you have to lick the ass of the Leader to stand any chance

It is well with us tho..

givedemwotowoto:
Nobody wants trouble with General Tinubu

How many people has he given problem. You people and conspiracy theories.

Wasn't this 2 years ago. Aren't there sposed to be loads of achievement what with d funds freed thru d removal of subsidy. Well from d news we know where d money has been going
300% salary increase fir judges for their good electoral judgemrnt and the one to come in 2027.
The judiciary with their new model multi billion cars and manipulated budget padding
State Govs with their mouth watering allocations. What a time to be an elite
Well Nigerians r not left out
Employment 0
Social programs propanganda
Security 0
Health care comatose
Inflation sky high
How Nigerians r surviving is d 8 th wonder of the world

bewisemasses:
Wasn't this 2 years ago. Aren't there sposed to be loads of achievement what with d funds freed thru d removal of subsidy. Well from d news we know where d money has been going
300% salary increase fir judges for their good electoral judgemrnt and the one to come in 2027.
The judiciary with their new model multi billion cars and manipulated budget padding
State Govs with their mouth watering allocations. What a time to be an elite
Well Nigerians r not left out
Employment 0
Social programs propanganda
Security 0
Health care comatose
Inflation sky high
How Nigerians r surviving is d 8 th wonder of the world

Blame your governors. There allocations have increased by multiple folds.

Omoh... Obidunces, SIMPlified Fagmily, Atikulooters and failed coalitionist dey receive gbas-gbos this week wetin no gud.

And e dey totori my body

Na wa o. .

PUNANI01:
Nyash Licker ......................... ...........

Alex Otti is also a yansh licker. Infacts, he licks yansh more than Soludo.

chopnaira:

Blame your governors. There allocations have increased by multiple folds.

In naira term or dollar term

What about the suffering of millions of Nigeria?

004gist:


In naira term or dollar term

What about the suffering of millions of Nigeria?

In naira term or dollar term

What about the suffering of millions of Nigeria?

Hope so! Some hungry citizens who are so blinded and misled by some shortsighted or mischievous opposition will never accept this fact!

franchasng:
Soludo, lick that stuff well well, it taste very delicious...the fear of being rigged out of the Anambra election by Baba Sope party is the beginning of wisdom

Tinubu has no reason to rig soludo out as they have been long time allies and would rather him....soludo is one of the brightest economic minds you have in this country and if he is ing your policy,it means you are being validated for doing something right.

Truth has no alternative. You have spoken my mind prof. I'm not a politician but haven travelled far and wide and see cost of living in other nations ,I know Nigeria is still far better than many nations outside there. The president is not wicked but has to show leadership by taking hard decisions.

Soludo should rename Awka to Bola Tinubu City so that his sycophancy go complete

Those bitter leaff fc will soon be here to disagree with a first class Economist Professor.

israelmao:
If this is what is called audacious then such audacity is questionable.

Yar adua,lacked it, GEJ lacked it,Buhari lacked it but this one right here got serious balls and he has proven to know what he is doing.....he is walking his talk.

Rescued the country how? Nawa o this people dey craze o. More like audacious in their looting because Nigerian tints especially we yorubas and Igbos are busy fighting over who owns agbalumo .